that will make eli lilly a trillion dollar company before you know it. liz: eli lilly is nvidia and as well as novo-nordisk of the weight loss drugs. give me your macro picture. what will serve as the catalyst for the second half? >> right now it is coming down to earnings. the first-quarter earnings were, we saw positive earning growth from the s&p 500. you will want to stick with the large caps, large over small if you will. that is going to continue to work for the back half of this year. we anticipate we'll get some help from the fed, maybe september, maybe the day after the election in november and that will also help accelerate. but the at end of the day, earnings, last 12 quarters of earnings we saw profitability, profit margins of the s&p 500 up 12%. liz: great to have you. thank you so much for joining us. folks, tomorrow subway north american president douglas frye. ♪. larry: hello, folks, welcome to "kudlow," i'm larry kudlow.

well president biden's open border disaster is killing anyone americans, hurting the economy, around may very well doom the president's re-election we're going to have a lot more on that in just a moment with house majority leader whip tom emmer and fox news contributor sara carter. first up fox news jacqui heinrichs has the latest on joe biden's amnesty push. jacqui what have you got? >> reporter: larry the president's plan gives undocumented spouses of u.s. citizens pathway to permanent residency if they lived in the u.s. illegally 10 years around meet certain legal requirements. benefits 50,000 spouses and children under the age of 21. republican lawmakers call it a cynical bid to win over hispanic and latino voters before the november election. former president trump something that he dismissed as not a threat. >> under this program a deluge

of illegals will be given immediate green cards and put on the fast track to rapid citizenship so they can vote. i think a lot of them will vote for me, if you want to know the truth. if you look at the hispanic population, if you look at the black population, they're voting for trump. >> reporter: house speaker mike johnson said quote, the amnesty plan will incentivize more illegal immigration, writing this is proof positive of the democrats plan to turn illegal aliens into voters. i expect this order, which is contrary to the immigration and naturalization act to be challenged and struck down in the courts. the white house denied it was plan was not aimed to win back progressives. biden was pushed to take the action because congressional republicans refused to pass a bipartisan immigration reform bill. president biden: folks, i'm not interested in playing politics with the border or immigration. republicans walked away from the

deal for the most pathetic and petty reasons. donald trump got on the phone literally starting, the press can confirm this, calling senators saying don't, don't go ahead and do this. >> reporter: since the president's executive order shutting down access to the u.s. asylum system at peak times, illegal immigration has dropped significantly. however, high-profile cases of migrant crime have been in the spotlight especially recently after the maryland mother of five was allegedly killed by a man here illegally from el salvador. larry? larry: jacqui, aren't the early returns from bill melugin and other fox reporters at the border, i mean we're still way over the 2500 per day limit for one week. i mean at least that's my understanding? >> yeah. of course the way that the order is structured it has to be below the 1500 a day for a week and then two weeks later it would reopen but the fact it has dropped significantly also shows

how high it was because, when you've had as the president puts it 25% drop in illegal crossings, that is really indictment how high the numbers were before that. got to check the number i'm pretty sure he said 25, larry. larry: good enough for government work. jacqui heinrich, thank you very much, we appreciate it. folks turning to another story new reports out today that the cartels and china, the mexican cartels and china are tied together in a massive money laundering scheme. fox news's griff jenkins got all the gory details for us on that one. griff, what you got? >> reporter: larry, look this wasn't your average money laundering scheme. this was a sophisticated criminal partnership with the sinaloa cartel teaming up with chinese underground money exchanges, laundering, larry more than $15 million with mutual interests for all. >> the cartels are desperate to get cash made from the sale of drugs in the united states back down to mexico without having

that cash seized by u.s. or mexican authorities. the chinese money laundering groups on the other hand are in the business of helping wealthy chinese nationals obtain cash in this country. >> reporter: so something for everyone. now a five-year investigation dubbed operation fortune runner seized 300-pounds of cocaine, 90-pounds of meth, 3,000 ecstasy pills and numerous weapons t was carried out by the doj, dea, chinese and mexican law enforcement and delivered a 10 count superseding indictment involving 24 defendants. the lead suspect, edgar joel martinez reyes, you see here used a complex system to hide money sources with chinese brokers purchasing goods that were sold to put money in the cartel's pockets and this laundering scheme was good for the cartel's bottom line. >> the percentage that gets paid in the u.s. is closer to one or 2%. so the affiliates and members of the sinaloa cartel are paying

much less to get their money laundered than they were before. >> reporter: u.s. officials thank china for playing a critical role in the investigation but china remains the primary source of fentanyl precursor materials that cartels use to make the drugs. fentanyl is deadliest drug the u.s. ever faced. the sinaloa cartel specifically is most largely responsible for the flood of fentanyl across our borders. not hard to connect the dots here, larry. larry: griff, thank you very much for your reporting. what a lousy story anyway. folks the truth always wins out at the end somehow. that is the subject of the riff. ♪. there are so many phony charges and untruths around the, that across so many issues sometimes hard to sort things out. let me just give you a brief stream of consciousness, okay? today is juneteenth, which celebrates the final enforcement of the emancipation proclamation

that occurred june 19th, 1865, under union major general granger in galveston, texas this is a good holiday. it is a noble holiday but of course here's joe biden and his folks who can't resist calling donald trump and republicans racists. really, joe? you can't even let up today on what should be a unifying holiday. so i'm going to tell you, you asked for this first of all, this isn't a racist bone in donald trump's body. second, it was the abraham lincoln and then ulysses s. grant republican party that was the party of the emancipation of the slaves. unfortunately and terribly unfortunately, for the next 100 years or so it was the jim crow democratic party that obstructed emancipation and the implementation of the 13th, 14th, and 15th amendments to the constitution. now joe biden ought to know all about this because he eulogized

glowingly at the funeral of senator robert byrd of west virginia who was a klansman. for just about 100 years or more it was the democratic dixiecrats of the south who blocked civil rights legislation. finally in his best moment, lyndon baines johnson, lbj, worked with republicans to get the civil rights act of 1964 but joe biden and his pals shouldn't be so quick to throw stones because they live in grass glass houses. there is marvlous op-ed today by distinguished african-american "wall street journal columnist, jason riley, trump gets serious about black voters. riley lauds the former president for actually going to places like the south bronx and the black church in detroit and echos trump's strong economic track record that helped blacks and minorities, frankly the

entire working class during his first term. joe biden is hemorrhaging black support here on juneteenth and calling trump a racist is not going to change anything. in fact it's stupid. it's pathetic. nobody is going to buy it. likewise, joe biden's desperate last minute election year measure to grant parole in place authority for illegal alien spouses of u.s. citizens this is daca 2.0. it is an election year ploy. it will be challenged, held up in courts just like daca 1.0. without congressional legislation none of the amnesty measures will be implemented or work, but even more than hemorrhaging black support, mr. biden lost virtually all support regarding his open border catastrophe killing innocent americans and wreaking havoc across america. fraudulent marriages and phony executive orders are no substitutes for serious policy actions.

joe biden's not getting kidding anybody about any of this. in fact it makes him look so blatantly political and lowdown the hypocrisy of it all will probably lose him votes, all right? there is finally the relatively minor economic point the already massive budget breakdown is getting worse. i say minor, not as important as black emancipation or the monsterous criminality linked to open borders but a two trillion dollar budget deficit as far as the eye can see during a period where there is no pandemic, or depression, or nothing happening to biden's $1.7 trillion deficit. whatever happened to those biden $1.7 trillion deficit reduction he says he was going to have? now the scorekeepers at the congressional budget office jacked up their fy-24 spending numbers by about 400 billion. can sell student loans, medicaid and fdic bank bailouts are the

principle cause. now budget spending heading towards 25% of gdp. that is compared to the 50 year average of only 21%. and, the federal debt held by the public now headed towards $51 trillion which is about 122% of gdp. once again, mr. biden tries to blame everything on donald trump. but trump's only real big spending year was covid 2020. when he acted responsibly by cutting a deal with democrats to save the country. biden on the other hand has spent over $6 trillion after inheriting a full employment economy from trump and thus the 20% biden-flation shows no signs of ending anytime soon. you know joe biden thinks insurrection and racism and something called democracy are going to bail him out but the

polling numbers so far show his entire campaign is a failure and they keep missing the point but donald trump is pulling together a working class coalition of all colors and stripes based on the theory that success is the ultimate unifier and truth. and that's my riff. all right, let's talk. joining me now house majority leader, house majority whip tom emmer, from the great state of minnesota which by the way is a toss-up state i think, and great sara carter, investigative journalist and a fox news contributor. welcome to both of you. sara carter, i want to begin with you, if only because i want to begin with you, i haven't seen you in a while. and i don't get this. >> thanks, larry. larry: who does joe biden think he is kidding? this is daca 2.0. this whole business opens up

amnesty. they say it is half a million people. could be much more than a half a million people. his first executive order has failed. now he is trying to please people on the left. he will not get any votes. people will see right through this. this is nonsense. it is not working. what do you make of this, sara cart? >> well its absolutely illegal, it's unacceptable. it purchases once again his open border policy is absolutely a dereliction of duty on his part. he put the american people at risk. the american people should be the number one resource for president biden. we should be protected by the executive branch. that is their only job. instead he put everyone's life atistic, from laken riley, who jose abara paroled on the streets because there wasn't enough bed space. now he will offer amnesty a blanket amnesty, mind you, possibly to half a million people more. it just opens thed into gates,

larry, opens the floodgates all across the globe. i was in el salvador recently. i spoke with him, he was perplexed how president biden was behaving in the united states when it came to the border. look, we don't want our people to leave. we want our people to stay. i put 80,000 people in a megaprison here, that are traffickers of drugs, gang members, ms-13. we have locked them down but apparently biden wants them on the loose on the streets. that's unacceptable. the american people find it unacceptable. this is why you're seeing a flip from both the black community and hispanic community, which i'm a part of, which is changing their tune saying look, we don't want president biden anymore. let's get back to common sense under president trump and lock down that border and protect the american people. larry: i mean one of the polls show over half of hispanics want deportation, over half of hispanics want deportation, off% overall.

tom emmer, welcome back to the show. i will read "the wall street journal" editorial page today. this is a page usually sympathetic to immigration but they're saying biden sees obama's daca and raises one. the president uses undocumented immigrants married to americans as pawns. this thing will never pass legal muster, tom emmer and if biden wanted this stuff, why didn't he talk to house republicans? you got hr.2. make a deal. we could have done this in much better way but instead he is now providing really, you know what? these are incentives for fraudulent marriages which makes the problem even worse, tom. i don't understand any logic here and he is not fooling anybody. >> well, it's just another example, larry joe biden working for illegal immigrants while donald trump is working for the american citizen. trump is going to get this thing under control when he takes, when he takes the white house

back as number 47 next january. meantime, this is just joe biden once again and his cronies sticking an finger in the eye of the american public. this is the number one issue, securing our southern border. protecting citizens from the harm caused by this and the financial harm. you mentioned it on your intro, on an annual basis, larry, it is $150 billion plus, on an annual basis. that is 1150 some dollars per american citizen this is costing us. not the least that's the financial part but the lives being lost on a regular basis. this is a crisis that has been solely created by joe biden. you talk about trying to work with him? he has ignored us. we passed the strongest border security bill in the last 20 years. dealt with basically five things, reform parole, reform the broken asylum system, finish the wall, end catch and release

and restore "remain in mexico." he refuses to negotiate on these five very simple things. "remain in mexico," larry, our border patrol authorities tell us that would solve 60% of the problem overnight. larry: tom, i don't understand, you can't just declare parole in place. you need congressional legislation. "the wall street journal" editorial today says you know you need a safe legislative harbor. you tried to make a deal. i mean at least there were discussions. i know in the other body senator lankford tried to make a deal. why did joe biden wait until now, why didn't he want to make a deal earlier, and why does he insist making this such a partisan issue? you know, tom, here's the thing, biden's polling numbers are so bad on the border, he will be down 20, 25 point to trump, it is way too late for this kind of you know, transparent coverup thing. i do not understand his thinking and the courts are going to block this anyway.

tom, up to you. we lost sara carter, you're on, mr. whip. go ahead, please. >> i was just going to say the most recent poll shows americans trust donald trump on the border and our border security more than joe biden by 27 points. larry: right, right. >> the problem here, just you're dealing with a lawless administration. doesn't mean, doesn't matter if the supreme court says you can't write off student loans. it doesn't matter if there is no basis to persecute donald trump in courts all across this country. doesn't matter. these people don't believe in the truth and they don't respect the rule of law. they're going to keep doing this. elections have consequences. the beauty of this, larry, the american public is much smarter than joe biden and his crazy, radical left, give us credit for. they will show up in november. they will do the right thing by putting donald j. trump back into office and giving republicans majority in the senate and expanding our

majority in the house. larry: sara carter, sorry we lost you. glad we got you back. >> sorry. larry: the whole knelt of this whole issue is monsters literally, monsters are coming into this country and they're doing the most awful, income prehence sieve hideous things imaginable. it is not just the aggregate crime statisticses whatever, what they're doing to young women, to teenagers and so forth, i mean it is just a matter of common sense, all right? i think most americans really would say, stop the madness. do what we have to do. put up the wall. go back to "remain in mexico." let's finally be tough. mr. biden doesn't heed that sara. this is a day, you know, this juneteenth day was very important day, emancipation day, i'm looking for unionty here, sara, not so much partisanship

as unity. why can't joe biden ever get his arms around unity which is what he said four years ago when he first ran for president? he just doesn't have it in him. he doesn't have it in him. i think the guy who has it in him is trump. i will give you the last word, sara. >> i absolutely believe that too, larry. i think this administration is blinded. they have divided this country. we are watching crime surge in many of our cities. we've seen some of our young people die, both coming into the country, those being trafficked here illegally and our own children here in the country with deaths of fentanyl and other criminal networks. you know, i'm just praying to god it is not too late. he opened that border so wide open he already have over 350 people that we know of connected to terrorism, that have been picked up. how many more have come into this country that we don't know of? what's the potential risk right now for the united states to be attacked by a terrorist attack much like september 11th.

i think that risk is extraordinarily high. for people like laken riley, for the 13-year-old girl that lost her life, for all those children, all those people being tortured and hurt by these criminals coming in because they can't be properly vetted we need president trump back in office. we need him now. and we need someone in office that is going to protect the american people and put the american people first and make the american people their number one resource. larry: all right. we appreciate it very much. congressman tom emmer, thank you, sir, sara carter, thanks as always. coming up here on "kudlow," juneteenth is about emancipation of the slaves. it should be about a day of unity. shouldn't be name-calling. not race card all this stuff. a day of unity. it is an important day. an important mission. we'll talk about it some more with leo terrell and scott turner next up here on "kudlow"

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and cosentyx can even help stop further joint damage. don't use if you're allergic to cosentyx. before starting, get checked for tuberculosis. an increased risk of infections and lowered ability to fight them may occur; some were fatal. tell your doctor if you have an infection or symptoms like fevers, sweats, chills, muscle aches or cough, had a vaccine or plan to or if inflammatory bowel disease symptoms develop or worsen. serious allergic reactions and severe eczema-like skin reactions may occur. i feel better. check out these moves. ask your rheumatologist about cosentyx. larry: as i said before juneteenth is about emancipation of the slaves and should be a day for unity, okay, not a day for racist charges. joining us now to talk about this, leo terrell, civil rights attorney and fox news contributor and scott turner, former white house opportunity and revitalization council executive director and chair of

the afpi center for education opportunity. gentlemen, thank you. you know, scott, i mean, this is a good day. this is an important day if you ask me, all right? i'm a civil rights republican going way back. the republican party was the originator of the emancipation amendments as you well know, as almost anyone besides joe biden this is not a day of racism. this is not calling, you know, joe biden and his people calling donald trump racism, for heaven's sake. it just bothers me, scott. it is politics as usual but that is not the spirit of today and by the way, our friend jays soon riley, just to put a distinguished black columnist, writes a pretty good op-ed, trump gets serious about black voters. we know biden is hemorrhaging black voters, scott turner. so what should we be thinking about on a day like today, scott? >> larry, always great to be with you sir.

mr. leo, great to be with you. you're right, larry, today is not a day for racism or racist remarks. this is a day of celebration, celebrating the emancipation proclamation and the freedom of slavery. it is also a day of great reflection. reflecting, look how far we have come in a great nation in america. hey, here is the work we still have left to do. lastly, larry, as i was thinking about this, this is a great day of gratitude, to be gracious, thank god we live in the greatest country on earth, we as people, as americans can come together to celebrate this juneteenth, but also celebrate each other that we live in the united states of america. larry: i like that. we should be grateful, you know, such a thing has come to pass, juneteenth and the emancipation and you know, we are correcting the problems of the past and that's a wonderful thing in a democracy like ours. leo terrell, i just really like

it, this is a gratitude day. this should not be pointing the finger calling donald trump a racist. which he is not. there is not a racist bone in his body. it is a stupid charge. let me read real quick this is trump, the principle of freedom has been the foundation of the republican party. today we reflect how far we have come as a nation and remember light will always triumph over darkness with president trump's leadership. that is the spirit of the thing, leo. why can't we just have one day of unity? i mean you know, i know i'm asking too much but why not? >> well, i'll tell you why, because the democrats are afraid of president trump. larry, donald trump is a threat to the democrat party. you know why? because what donald trump talks about, not the race card, the all american card. larry i want the same things you want regardless of race. i want a good economy. i want a secure border. i want law and order. i want a strong national defense. donald trump talks to americans

without the, dividing americans based on race and skin color. the democrats only playbook, larry, is to play the race card. i, news flash, 30 years of practicing law, there is no systemic discrimination in this country any longer. that is how far we have come. we are working together. oh, by the way, we had a black president. oh, by the way, black mayors are in chicago, new york, los angeles. the race card is the only card they can play and the fear of losing the black vote means a destruction of the democrat party. by the way, kamala harris is back in georgia again. why? because she is playing politics because of the fear of losing the black vote. larry: i think people, you know, scott turner, i think people see right through it. i think leo is right. but i think people see right through it, scott. you know, one of the things that our friend jason riley mentioned, trump is going to the black neighborhoods. he went to the south bronx.

he went to the church in detroit. he will be back. he is going up close and personal to woo the black vote. my guess his hasn't peaked yet but we know joe biden lost a lot of that vote, scott. i think is republicans are giving it their best shot, are they not? you were a leader with that. we had ben carson, jaw ron smith, you're still pushing opportunity zones and enterprise zones. gop is doing what they can, scott turner. >> absolutely. this is not political for president trump. it is not political for the gop. president trump sincerely cares about america. he cares about every american as leo said. in particular he cares about black america. he had the opportunity to lead the opportunity zone council as you said, larry and i know first-hand, being appointed by president trump, going out to almost 80 cities in our country. you know if you're a racist person you don't create a council that serves people who

are supposedly racist against. 85% of the people we serve are minorities in opportunity zones. president trump not only does this for politics, he does it because he cares. people, leaders in the gop are doing this, not just to gain the black vote, hey, we care about black americans no matter where they live in america. so the policies that have been set forth, the policies that we had in the first administration, not only elevated all americans but in particularly black americans and we'll do it again. larry: yes. >> so what he is doing is not political. it is his heart. larry: i just think it is a pity to soil a day like this with all these silly racist charges. you know. it just soils the whole day. the mission here is so important. gentlemen, thank you very much. leo terrell, we appreciate. larry: scott turner. we appreciate it. moving right along, coming up here on "kudlow," oh by the way two trillion dollar budget deficits as far as the eye can

see. here we go again. we'll talk about it with nancy tengler and our own edward lawrence t wouldn't be any fun if we didn't have a couple of trillion dollars of budget deficits. i'm kudlow. we'll be right back. ♪. [introspective music] recipes.

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larry: wouldn't be a good day unless we got this one in. two trillion dollar budget deficits as far as the eye can see, no pandemic, no depression. nancy tengler co, laffer-tengler investments. edward lawrence welcome to being onset. we don't have a pandemic. we have inflation problem. we're spending and borrowing like crazy. this is the congressional budget office. they just upped it by $400 billion. i notice even debt in the hands of the public, okay, is now looking at over $50 trillion and, what is it, 122% of gdp.

what do you make of all of that? >> then you have janet yellen treasury funding the debt at the short end, the most expensive end of the curve. interest expense is also going up. the cbo, again, 870 billion is their estimate for this year. which means it will be over a trillion. that is just servicing the debt. so far surpasses the defense budget. and it's, as you say there is no end in sight because we haven't spent half the money that's been appropriated and the irony, remember the inflation reduction act was scored by the cbo to be deficit reducing. larry: that will be plus, over a trillion dollars. >> yeah. larry: you know, edward lawrence, nancy tengler makes a very good point, they scored inflation reduction act all wrong. it has been subsequently rescored and rescored again. edward, interesting question, why is the treasury, ms. yellen and so forth, why are they selling paper at the short end which is 5.25, 5 1/2% when the

medium term and longer end is 100 basis points lower? they're costing taxpayers money. >> that is a really good question. the treasury trying obviously to handle this debt but trying to keep the long end of interest rates down on this. one point nancy made, we were talking about interest payments 3.1% to gdp this year which is near the record. we will break the record next year for interest payments to 4.1% to gdp. that is more money we pay on interest than the defense department at the end of this year and more money that we pay in medicare for that. they're taking in more revenue. they're taking in over the next three years $153 billion more and they're spending 675 billion more. actually the other way around. spending 153 more, taking in 675. you know what the difference is? the difference is going to pay the interest on the debt. it will not pay down the debt. that is the problem they're

increasing revenue but not using it to pay down the debt which is a drag on the economy. larry: would you just, we're pressed for time, would you buy bonds with that kind of schedule in front of us? >> at the very short end, yeah. that's what we're doing for our clients. larry: 90 days or one year bonds. >> yeah. we extended duration a little bit. larry: you're getting well-paid for it. >> you are. larry: not out the curve. you don't want the risk out the curve. >> no. larry: how the heck do we keep inflation down if we are borrowing all this money? at some point the federal reserve will be the great enabler in, put in liquidity? >> we already saw it. qt, they cut it in half. we're seeing issuance, keeping liquidity in the market thanks to the treasury. i mean the good news, larry, stocks don't seem to mind. so you stay long the narratives, the secular narratives like a.i. and cloyd computing because that's where, the private sector may bail the government out to some extent with productivity growth. i want to thank edward for all

the great questions at the fed press conference. larry: i'm glad i don't have to face him. one of the reasons i want to stay where i am. nancy tengler, edward lawrence, thanks very much. folks we'll move right along. i want to talk about juneteenth, just a teenth more. with newt gingrich, put his his historian hat on, former speaker, fox news contributor. president biden is turning into into racism, emancipation, freedom, these are very important themes. i like what scott turner said earlier. we should be grateful this country was able to develop this over the course of our history. what do you think about that today? >> well, look i think, first of all, that the end of slavery was a much greater achievement than people sometimes remember. abraham lincoln led a nation which was deeply, bitterly divided. the southern slaveholders saw

themselves literally as fighting for their lives and fighting for their, their version of civilization. it was a brutal war. and i think we often forget that. we paid a huge price as americans to liberate our fellow americans. we had people, not just lincoln, general grant, who was president sent the u.s. calvary into south carolina to fight the ku klux klan. there was a serious effort, largely opposed ironically by southern democrats and much of the modern democratic party repudiates its own past, the fact this is the day to celebrate that america did end slavery. america has a huge commitment to improving the lives of all americans, and it is not just a black-white issue. this is a country which has enormous appeal for asians, enormous appeal for latinos,

tremendous appeal for africans and that's, you know, so on the one hand we have this huge migration coming into the country while some americans are telling us how terrible we are. i don't see a whole lot of folks leaving. we're probably the only country in the world that has to worry about fences to keep people out where as the old soviet model was fences to keep people in. this should be a day to celebrate what america is all about. larry: yes. just one other point. you wrote this, i thought it was a great piece. donald trump's tour de force, his trip to the capitol and the ceos on thursday. but you know the bidens spent a lot of money running ads, you know, talking about insurrection and democracy, lack of democracy and so forth. i don't think any of that has worked. in other words trump has a positive message of success in the economy, on the border, with respect to criminal justice. his message of success seems to

be triumphing over all the negativism that the bidens are putting together, newt. what do you think about that? >> well first of all let me say about things like january 6th, barry loudermilk as chairman, his team at house administration, i think are rolling out information about how totally dishonest the january 6th committee was and the house should move to repudiate that committee. there is no reason for steve bannon to go to jail, when the committee was totally lawless, totally dishonest. let me put that to one side. i had the opportunity to be with president trump in all three of his meetings last thursday. very issue oriented, very positive. in every meeting he talked about eliminating the tax on tips which i think politically is a brilliant idea, poses for the democrats are you really voting against a tax cut for what used to be the very base of your party, hard-working americans who are eking out a living and

who are very heavily taxed? but trump's ultimate commitment is to a very prosperous america. he understands, i heard him in the meeting with the roundtable ceos, he gets it that, deregulation is as important as tax cuts. you've got to do both. and he is committed i think to coming in with a strategy that will dramatically strengthen the american economy and will create a lot more jobs for all americans. he is also committed to a strategy to put people to work who may not go to college but who learn skills and who learn things we need in our society, whether it is plumbers, air-conditioning, building, various things. we need a tremendous number of workers who are just capable of getting the job done and i think that the president, i think president trump as a businessman

has a remarkable understanding as you know, you were on his team as you were on reagan's team, this is a guy who understands the economy and my view is, that he will create a dramatic burst of prosperity. larry: to me, newt, you know, success is paramount and success is a unifier. success is a unifier and i'm sorry, i really am sorry, that joe biden turns out to be a guy who tries to tear things down, not build them up. newt, i'm sorry, we are out of time. we had a long din beginning. success is the best revenge. talk soon. >> thank you. larry: folks we'll talk to montana senate candidate tim sheehy. there is nothing wrong with being a successful businessman in montana, contrary to what senator tester is saying. tim sheehy, former navy seal, coming up next. i'm kudlow.

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♪. larry: so the question is, what's wrong with being a successful businessman and running for the senate in montana? so let's ask montana senate candidate tim sheehy. welcome to the show. so as i understand it senator jon tester who votes 91% with joe biden, 91%, he says you're a

problem because you're a businessman. in fact a successful businessman. you're driving up prices. you're just all around bad guy despite the fact you're a navy seal and your company, bridger aerospace has contracts with the federal government. what is wrong with being a businessman? i thought that was a good thing. >> well it is actually 95% of the time, larry. yes, you're absolutely right. i fought for my country. so did my wife, she was a poo reason. we're both combat veterans. we look lessons from war, came home, started bridger aerospace. nasdaq ber. took lessons from war fighting wildfires, saving public lands and lives. we created hundreds of jobs from scratch in our barn nine years arrgh!. that is successful american dream. serving combat, coming home to create jobs. today's democrat, if you're successful, you said in the last segment, with newt, success is the great unifier. they're afraid with success. if we unleaker the american

people to achieve and be prosperous that is bad for them. we have to save america. that is why i'm running in this race. larry: just occurs to me, okay, by the way my saintly wife is from montana. we were married in montana. i don't know enough about this particular race but if tester is attacking you for being a businessman, it occurs to me he is in a lot of trouble. i'm told the polls are actually moving in your favor but, his votes for biden, that's the cause of high inflation. that is the cause of stagnant growth. that is the cause of a lot of problems out there, if he is going to be another biden vote in the senate? >> hit the nail on the head. look what is really causing housing costs and gas costs and grocery costs to go up in this country has nothing to do with successful businesses and job growth. it has to do with the ridiculous money printing policies of this administration, the war on american energy, the war on the american workforce, we're paying people not to work. you know, we're paying people to sit on the couch. we're giving illegal immigrants more money than giving our

veterans. we're creating perverse incentives for our country for success. that is the warped landscape we're seeing now. we have to return free market principle to this country. reward hard-working success. people want common sense back. want secure border safe streets, good schools. cops are good, criminals are bad, boys are business, girls are girls. these are sim them pings people want back in this country. only one side of the aisle talking about that. that is why we have to save america. larry: former navy seal who is in business successfully, seems like a winning combination with me. jon tester will have to bark up another tree, seems to me, tim sheehy. >> you know will try to distance himself from biden, what he is doing now. talking about securing the border, balancing the budget. his voting record belies that. get all the hope we get. it will the race determine coal of the senate going forward. we have to win the senate this

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larry: forest peace,wellly mays. you'll see the greatest catch in history, then the greatest throw in history. he was the greatest baseball player in history. i actually saw him once or twice at the polar grounds when i was a young lad. willie, mays, rest in peace. i'll turn it over to liz